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[Vladimir]

Option 1. Become a tax exile for a year, cash out as much as you want, while sipping exotic cocktails on a beach.
Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.

Surely there are more options available. But for most us there is nothing to worry about until Bitcoin hits 10k$ or so.

[1714038734]

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[rpietila]

Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.

I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell.

As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance.

Disclaimer: I have never sold a BTC, nor I probably ever will.

[bpd]

Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.

I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell.

As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance.

Disclaimer: I have never sold a BTC, nor I probably ever will.

Yes, this is the long play. There is no need for large holders to ever sell.

Compare: http://www.cnbc.com/id/46236916

[rpietila]

Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.

I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell.

As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance.

Disclaimer: I have never sold a BTC, nor I probably ever will.

Yes, this is the long play. There is no need for large holders to ever sell.

Compare: http://www.cnbc.com/id/46236916

Cool! Thanks for the link!

[chriswilmer]

Update please! (I will donate 5 mBTc if you update)

[Fuzzy]

reserved

Why not use this spot to split your list into 1-400 and 401-800?

Then you could have top 800 list 

[chriswilmer]

Update please! (I will donate 5 mBTc if you update)

You wish hsa been granted

Tipped!

(I used the reddit bitcointip bot ... should appear in a few minutes)

[zebedee]

Stunning, the minimum 414th (I don't think it's 410) is still going up in value.  So much for early adopters cashing out, any doing that are outweighed by new hoarders it would seem.

[cypherdoc]

Stunning, the minimum 414th (I don't think it's 410) is still going up in value.  So much for early adopters cashing out, any doing that are outweighed by new hoarders it would seem.

so much for all the early adopter "dumping" theories. 

[Dabs]

Is there a statistic on how many addresses hold a certain balance or bracket? Like

100,000 and up
50,000 to 99,999
10,000 to 49,999
5,000 to 9,999
3,000 to 4,999
2,000 to 2,999
1,000 to 1,999
500
100
50
10

If I wanted to be anonymous, I'd chop up my savings into many addresses and go where no one is likely to look, like under 3,000 per address. Because, for sure, everyone is watching the number 1 address with 111,111 coins.

[Dabs]

Thank you. That is interesting. Could you do the same in hundreds for below one thousand coins?

Basically, you break down the

   1K 1478
   0K 10975701

into

1k
900
800
700
600
500
400
300
200
100
90
80
70
60
50
40
30
20
10

Although I think I can safely say that I can just split up my bitcoin stash into random chunks of 100 to 900 coins each and I'd be part of the 10 million addresses.

edit: I was about to tip you, but all I have is 0.000375 BTC and it costs more to send. (Lost all my 0.1 coins due to Satoshidice.)

[rpietila]

Thanks, nice work. Tipped.

[chriswilmer]

Wow, 2 million unspent coins. That's crazy.

[flavius]

I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.

[chalbersma]

I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.

It's still a relatively new currency. Don't put more in than you're willing to lose.

[Dabs]

It's a gamble. But the odds are in your favor. Study it well. Some people say "don't". Some people say "go". If it becomes worthless, at least you can play online poker or dice games.

[nimda]

I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.

How to determine how much BTC to buy:

• Pick a number
• BTC is worthless due to a software bug. All that money is lost. Are you OK?
• • Yes: invest this amount
  • No: pick a smaller number and go to step 1

[Fuzzy]

I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.

How to determine how much BTC to buy:

• Pick a $ amount
• Imagine BTC is worthless due to a software bug. All that money is lost. Are you OK?
• • Yes: invest this amount
  • No: pick a smaller number and go to step 1

Good strategy 

[Zackary]

Must be a good feeling

[Nagato]

Very intersting data znort. I put them into a spreadsheet and came up with this chart.



Pie Chart